21 December 2021
I have income only from short term capital gain of Rs 200000. I had brought forwarded short term capital loss of Rs 500000 from previous years. Can I carry forward the previous year loss of Rs 500000 as my current year income is below 250000 and is not taxable?
28 December 2021
Long term loss I had purchased shares before 31st January 2018 which I sold in the financial year 2020-21. I incurred a long term loss of Rs 6,00,000. Can I give it as consolidated long term loss bought after 31st January 2018 in schedule 112a as grandfathering clause has no effect on loss?
CAclubindia
